Violation Tracker Individual Record

Company: 
PNC Bank N.A.
Current Parent Company: 
PNC Financial Services
Penalty: 
$9,500,000
Year: 
2016
Date: 
August 16, 2016
Offense Group: 
government-contracting-related offenses
Primary Offense: 
False Claims Act and related
Violation Description: 

PNC Bank N.A. agreed to pay the United States $9.5 million to settle claims under the False Claims Act in connection with the issuance of loans guaranteed by the U.S. Small Business Administration.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
U.S. Attorney-District of Maryland
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Pennsylvania
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.